forex market update
July 23, 2018 BY LeapRate Staff

ATFX Forex market update: July 23, 2018

The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Last week, US President Trump once expressed concern about the strong dollar and the Fed’s interest rate hike, and believed that the strength of the dollar may damage the US economy. This kind of interventionary speech caused the dollar to fall.…

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Deutsche Bank
July 20, 2018 BY LeapRate Staff

Deutsche Bank hit with $75 million fine for improper handling of ADRs

The U.S. Securities and Exchange Commission (SEC) has announced that two U.S.-based subsidiaries of German financial services giant Deutsche Bank AG (FRA:DBK) will pay nearly $75 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). The case stems from a continuing SEC investigation into abuses involving pre-released ADRs. In proceedings against Deutsche…

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china yuan
July 20, 2018 BY LeapRate Staff

Chinese yuan sliding as Government adds stimulus

The following article was written by Jasper Lawler, Senior Market Analyst at FCA regulated broker LCG. The US dollar has been on a tear against the Chinese yuan/renminbi since mid-April, and in just the past two weeks has skyrocketed to a one-year high. The main impetus of yuan weakness has been the US-China trade war. Further…

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HotForex MT5
July 20, 2018 BY LeapRate Staff

HotForex enables MT5 platform trading for clients

International multi-asset broker HotForex has announced that it has now added the new and innovative MetaTrader 5 trading platform, available for a variety of devices operating on Windows, Android and iOS systems. A HotForex spokesperson commented, HotForex is aware that every trader is different, and is always looking to ensure its clients have the tools they…

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Optimove screenshot
July 20, 2018 BY LeapRate Staff

Optimove hires Earnix executive Yarden Malka as COO

Customer marketing and retention specialist Optimove has announced that it has hired Yarden Malka as the company's new COO. He replaces Eilam Avinary, who had been with Optimove for the past seven years including the past year as COO. Yarden Malka joins Optimove after serving as VP Engineering for financial services focused predictive analytics software…

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SFC fines
July 19, 2018 BY LeapRate Staff

Illegal binary options trading nets Intrade and TEN a $3 million fine

The U.S. Commodity Futures Trading Commission (CFTC) has announced that on July 5, 2018, Senior Judge Royce C. Lamberth of the U.S. District Court for the District of Columbia issued an Opinion and Order against defendants Intrade The Prediction Market Limited and Trade Exchange Network Limited (TEN), Irish companies based in Dublin, Ireland, requiring them to pay, jointly and…

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playtech offices
July 19, 2018 BY LeapRate Staff

Exclusive: Fidelity sells down Playtech stake to below 5% after earnings miss

LeapRate Exclusive... LeapRate has learned via regulatory filings that Boston based investment management giant Fidelity Investments, through its FMR LLC subsidiary, has recently sold down some of its stake in online gaming and financial trading provider Playtech PLC (LON:PTEC). Fidelity was one of Playtech's largest shareholders with a 5.06% interest in the company, worth about £82…

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